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AI agents can now create their own bank accounts

clawbot.cash

21–30 of 39 posts

Re: AI agents can now create their own bank accounts

#21

> 0s Average KYC time > 0% Approval rate > 0/7 API uptime Sometimes I love stupid behaviour that appears when you have JavaScript disabled.

Why do you have JavaScript disabled? That would break the vast majority of websites. Plus it's the opposite of private because it greatly narrows down the bucket of possible visitors you might be (since comparatively almost nobody does it), which ruins any attempt to randomize/un-unique your fingerprint.

Re: AI agents can now create their own bank accounts

#22

> 0s Average KYC time > 0% Approval rate > 0/7 API uptime Sometimes I love stupid behaviour that appears when you have JavaScript disabled.

Why do you have JavaScript disabled? That would break the vast majority of websites. Plus it's the opposite of private because it greatly narrows down the bucket of possible visitors you might be (since comparatively almost nobody does it), which ruins any attempt to randomize/un-unique your fingerprint.

It makes first party fingerprinting easier, but it pretty much eliminates third party fingerprinting. It also improves the responsiveness of many sites and improves battery life.

I wouldn't recommend completely disabling it though. Use something like uMatrix to selectively filter things.

Re: AI agents can now create their own bank accounts

#23
post #13

"join waitlist" Translation, no, AI agents can not create their own bank accounts, but someone's spamming Hacker News to see if there's interest in creating a company to allow that. With modern banking regulations and security procedures. I'm not even sure how that would be possible. Every bank account I've opened requires me to give them my photo ID and social security number, which AI agents don't have. Meaning, YO…

We're a regulated entity, and this is an industry first. Magnolia (magnolia.financial) currently services all 50 US states and EU, and we're funded by draper, boost, and a bunch of others. We're a real company :) (with health insurance!) > With modern banking regulations and security procedures. I'm not even sure how that would be possible. Every bank account I've opened requires me to give them my photo ID and socia…

You need to stop materially misrepresenting your product. The Agent does not have a bank account. The customer does, and is integrating an executable to perform activities in the individual account holder's name. I assure you. That is a different beast entirely than what you are describing, and finance is so prone to being misunderstood, you aren't doing anyone any good faith favors. In fact, as a former participant in the sector, you're engaging in the vice of finance people everywhere; equivocation through jargon and telling people what they want to hear to get them on your fee schedule.

Re: AI agents can now create their own bank accounts

#24
post #2

> Quick KYC > Fill out your info and upload an ID. Wait. Parrots have ID now? > Get Verified > Instant identity verification. Most approvals happen in seconds. How does anyone verify a parrot?

They do if you hand them one (seems like a really bad idea though).

Re: AI agents can now create their own bank accounts

#25
post #18
post #3

lol, uh, I'm pretty sure they actually can't. You or a business with legal owners can have a bank account, and you can give access to that account to an agent, but real banks work in the real world, and "know your customer" regulations need a real person somewhere in the chain. But, hey, maybe I'm wrong.

An agent could open this bank account if you prefer to give it access to your social, passport, etc - entirely up to the individual's risk profile. Liability always follows the human as has been the case with all tools, motor vehicles, and pets.

Things are going to get weird when the automatons become sophisticated enough to pull off identity theft while unsupervised.

Putting a brick on the gas pedal is obviously negligent. Whereas it is not so obvious that running a random script from github that spins up an agent with access to your home folder could lead to real world financial crimes.

Truly a strange world we're headed for.

Re: AI agents can now create their own bank accounts

#27
post #18

Earlier quoted context omitted.

An agent could open this bank account if you prefer to give it access to your social, passport, etc - entirely up to the individual's risk profile. Liability always follows the human as has been the case with all tools, motor vehicles, and pets.

Things are going to get weird when the automatons become sophisticated enough to pull off identity theft while unsupervised. Putting a brick on the gas pedal is obviously negligent. Whereas it is not so obvious that running a random script from github that spins up an agent with access to your home folder could lead to real world financial crimes. Truly a strange world we're headed for.

> Whereas it is not so obvious that running a random script from github that spins up an agent with access to your home folder could lead to real world financial crimes.

disagree, and the courts will likely take this position as well. ignorance has never been a defensible strategy to avoid liability.

pick up a detonator, it's up to you to understand where the bombs are positions what's in the blast range.

Re: AI agents can now create their own bank accounts

#28
post #2

> Quick KYC > Fill out your info and upload an ID. Wait. Parrots have ID now? > Get Verified > Instant identity verification. Most approvals happen in seconds. How does anyone verify a parrot?

They do if you hand them one (seems like a really bad idea though).

Photo won't match, though. Oh wait...

Re: AI agents can now create their own bank accounts

#29
post #23
post #13

Earlier quoted context omitted.

We're a regulated entity, and this is an industry first. Magnolia (magnolia.financial) currently services all 50 US states and EU, and we're funded by draper, boost, and a bunch of others. We're a real company :) (with health insurance!) > With modern banking regulations and security procedures. I'm not even sure how that would be possible. Every bank account I've opened requires me to give them my photo ID and socia…

You need to stop materially misrepresenting your product. The Agent does not have a bank account. The customer does, and is integrating an executable to perform activities in the individual account holder's name. I assure you. That is a different beast entirely than what you are describing, and finance is so prone to being misunderstood, you aren't doing anyone any good faith favors. In fact, as a former participant…

my brother in christ an agent can't even create a moltbook account without human verification calm down
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